I am confused why the FB IPO is considered anything other than a failure of bankers to price the stock correctly. Did anyone who actually understands Facebook's business today expect it to maintain a 100B valuation? Did any institutional investors throw money into it hoping it would rise up to 150B? If you invested in Facebook at the 150 P/E or whatever absurd value it was you deserved to get burned and hopefully are not investing in startups.
